Brick Office Building with First-Floor
For Sale
$900,000
505 State Route 18, East Brunswick, NJ 08816
COMMERCIAL - East Brunswick, NJ
Property Size1,744 SF
Lot Size0.22 Acres
Price / SF$516.06
Days on Market127
Property Features for 505 State Route 18
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC2
Parking
10
Interior features
Refrigeration
Appliances
Refrigeration
Lot features
Corner Lot, Highway Commercial, Highway Location
Standard status
Active
APN
04000580100014
Size
1,744 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8572
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Hot Water(Heating), Other (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Flooring type
Laminate, Carpet, Tile, Tile - Ceramic
Building materials
Brick
Roof type
Asphalt
Listing Agency:
ORANGE KEY REALTY, INC.
(732) 297-6969
Listed By:
Helena Yousefzadeh
(732) 297-6969
Added: Apr 9
Changed: Aug 4
Last Checked: Aug 13 at 11:06AM
MLS# 2613297R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick office building on a 0.2152-acre lot, zoned HC2, with public water and public sewer. The property is heated with radiant and hot water systems and cooled with central air.
The first floor has been completely renovated and includes 5 private rooms and an updated bathroom. The second floor offers 3 additional rooms and a full bath. New carpeting and brand-new laminate flooring run throughout the property, supported by multiple upgrades including a newer roof, mostly updated windows, newer gutters, updated exit lighting, and full fire code compliance. A newer powder room (2020) and newer first-floor doors are also part of the improvements.
A fully finished basement adds additional functional space with new flooring, a sink, and a designated eating area. The property also includes a private parking lot accommodating up to 10 vehicles.
The first floor has been completely renovated and includes 5 private rooms and an updated bathroom. The second floor offers 3 additional rooms and a full bath. New carpeting and brand-new laminate flooring run throughout the property, supported by multiple upgrades including a newer roof, mostly updated windows, newer gutters, updated exit lighting, and full fire code compliance. A newer powder room (2020) and newer first-floor doors are also part of the improvements.
A fully finished basement adds additional functional space with new flooring, a sink, and a designated eating area. The property also includes a private parking lot accommodating up to 10 vehicles.
Key Highlights
- Private parking lot accommodating up to 10 vehicles
- First‑floor renovation with 5 private rooms and an updated bathroom
- Second‑floor layout with 3 rooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,660
$533.7K
Cap Rate 7%
$381,186
$381.2K
Cap Rate 9%
$296,478
$296.5K
Market Conditions
NOI Build-Up for 1,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.3K $30.00/SF
− Vacancy
−$16.7K −$9.60/SF
EGI
$35.6K $20.40/SF
− OpEx
−$8.9K −$5.10/SF
NOI
$26.7K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,660
Cap Rate 7%
$381,186
Cap Rate 9%
$296,478
Alternative Uses
Best Use
Office B
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$455.4K
$398.5K – $531.3K
NOI $31,878 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 08816, NJ
48,729
Population
17,242
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
2,412
Density / Sq Mi
$141,731
Median Household Income
$71,111
Median Earnings
$2,079
Median Rent
$502,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office building in HC2 zoning with central air, public utilities, and a private lot for up to 10 vehicles.
Where is this office building located?
The property is located at 505 State Route 18 East Brunswick, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Private parking lot accommodating up to 10 vehicles; First‑floor renovation with 5 private rooms and an updated bathroom; Second‑floor layout with 3 rooms and a full bath
